🧤 SCALP TRADE #1 ON BINANCE SQUARE 🧤 - FIRST TIME EVER!!!! | CallMeMaxie Binance Square

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🧤 SCALP TRADE #1 ON BINANCE SQUARE 🧤 - FIRST TIME EVER!!!! GREED SCORE 72
- RELAX IT'S A WINNING TRADE. $MANA  

#SIGNALS #CALLMEMAXIE #BINANCE 

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TRB LANDED MOON - JOURNEY TO THE MERCH 🚀🚀🚀 4 Hours No Talk! Breakout Done. TRB is different coins right now 😴 I am IN. - Your Call? BINANCE:TRBUSDT.P

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The Bitcoin (BTC) bull move could soon run wild, bringing a steep multi-week uptrend in the leading cryptocurrency. "That's the message from bitcoin's 14-week relative strength index (RSI), a momentum indicator used to measure the speed and change of price movements. The indicator has crossed above 70, a threshold that marked the FOMO (fear of missing out) phases of the mid-2019 and late 2020 bull runs. These FOMO phases are characterized by both retail and savvy traders pouring money into an already-trending asset in fear of missing out on a significant opportunity. Developed by J. Welles Wilder, the RSI measures the speed and change of price movements and oscillates between zero and 100. The default period for calculating RSI is 14 days, but traders use 14-week and 14-month RSIs to gauge long-term momentum. A reading above 70 is often erroneously taken to represent overbought conditions and a sign of an impending bearish reversal. However, per technical analysis textbooks, an above-70 RSI, especially on longer duration charts, suggests bullish momentum is strong and the asset could continue to rally in the weeks ahead, similar to what happened in 2019 and 2020. To paraphrase a Wall Street saying, indicators can stay overbought longer than bears can stay solvent.

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Bitcoin Bull-Market Here? These Indicators Say YES! 🚀 In this analysis I want to take a look at three lesser known long-term indicators. Since we're looking over a long period, I found the monthly chart to offer the most clarity. Keep in mind that these indicators signal long-term (>2 years) changes in trend. We can still experience short-term dumps, whilst the long-term trend is bullish. Indicator 1: Chaikin Oscillator Chaikin Oscillator is a technical analysis tool used to measure the accumulation and distribution of moving average convergence-divergence (MACD). Every time that this line crosses 0 from below, bullish price action follows. Note that this indicator needed two crosses in 2012 and 2020 before the "real" bull-run began. Since this indicator crossed the zero back in March this year and retested the 0 last month, I'm more confident that we might only need 1 cross this time. Indicator 2: Stochastic Momentum Index - SMI The Stochastic Oscillator and the Stochastic Momentum Index (SMI) are both tools used to indicate momentum and are often used by financial traders to understand psychological undercurrents and their relation to price movements. Note that every time the SMI crosses the 40 line from below (and becomes green), Bitcoin starts a bull-market and huge moves follow. Indicator 3: True Strength Index - TSI The true strength index is a momentum oscillator used to provide trade signals based on overbought/oversold levels, crossovers, and divergence. The blue (fast) line has crossed the red (slow) line for the third time in Bitcoin's history. A bull-market followed every time before. On the other hand, there's a looming recession in the USA. Recessions are always bad for stocks, and therefore likely bad for crypto as well. There's a probability that crypto will be harmed less by the recession since stock-crypto correlation is currently very low, but that could easily change in the future. All in all, there are risks, but I'm fairly certain we're now at the start of a new long-term bullish trend. Share your views in the comments 🙏

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TRY NOT TO TAKE ANY “LONG TRADE” DUMP IS COMING - HIGH RISK #HighRiskHighReward

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🔥 Bitcoin Breaking Out! $40,000 Here We Come 🚀 BREAKOUT UPDATE - Bitcoin is currently in the process of breaking out of a bullish flag pattern that has been in the works ever since we hit 35k last week.If we can get a 4H candle close above 35,250 I'm considering it a successful break out, with a likely continuation of the bull trend.40k is my target for now, as per my initial bullish break out analysis several days ago.Keep in mind that we have a FED meeting tonight. The market expects the rates to remain the same, so unless the FED will surprise the market it should be business as usual?Nevertheless, things are looking better for the bulls! 🔥🫵 BIG REJECTION FROM THE RESISTANCE. SIGNAL IS STILL ACTIVE. 💪🏻 POWER OF BTC

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